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Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
 NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of its critics. Announced in December 2008 and criticised by the coal and shipping industries ever since, the Newcastle Port Corporation vessel arrival system is due to come into force on July 1.
From then on, coal ships will be penalised with a loss of their turn in the queue or be denied entry to the port if they anchor off Newcastle more than two days before they are due to load coal.
Instead of anchoring, as they do now, for a fortnight or more at a time, coal ships on their way south from Japan and other Asian ports will be asked to wait at one or both of two designated drifting areas.
The first is just north of the equator, a few hundred nautical miles north of New Guinea and the other about 120 nautical miles off the NSW coast between Old Bar and Newcastle.
Shipping Australia chief executive Lew Russell said he understood why the port corporation wanted the system but he feared it was destined for the courts.
"This was thought up after the Pasha Bulker storm and they decided the Newcastle anchorage was unsafe," Mr Russell said.
"But now instead of being anchored you've got ships drifting out in the open ocean. I will say the corporation has done a lot of consultation on it and they are well aware of everyone's concerns.
"I hope it works but I think it will end up in court and they'll have egg on their face because they are trying to direct ships to sit north of New Guinea when their jurisdiction ends a few miles outside the port."
The port corporation was unable to comment on the plan yesterday but information sent this week to coal shippers confirms "concern was raised as to the safety of vessels while drifting".
Voluntary trials began earlier this year and the compulsory start was delayed from May 1 to June 1.
"As phase three is introduced vessels will no longer be allowed to anchor until 48 hours prior to their estimated loading time," the corporation said.
The corporation has "suggested drifting areas that are outside shipping lanes" but it warns that shipping masters are responsible for the safety of their vessels.
While high demurrage (or late-loading charges) were also cited as a reason for the vessel arrival system, the corporation concedes the system "does not change the total demurrage pie".
Source: The Herald / Hellenic Shipping
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Saturday, 26 June 10
MONGOLIA COAL RAILWAY TO LINK WITH RUSSIA - BUSINESS WEEK
Business Week reported that, Mongolian lawmakers have approved plans for a rail line linking with Russia to help tap large coal deposits in the sout ...
Friday, 25 June 10
INDIAS THIRD-LARGEST SHIPPING COMPANY BAGS US$ 31 MILLION DEAL WITH SL
Daily Mirror reported that, Mainboard-listed and India-owned dry bulk shipping firm Mercator Lines says it has won a US$ 31 million contract in Sri ...
Friday, 25 June 10
DEMAND FOR COAL COULD BE GRADUALLY RETURNING - FEARNBULK
Handy
Atlantic markets seeing more activity today (23 June 2010) after a slump the last weeks. Supramax vessels open in USG are achieving low/mid ...
Thursday, 24 June 10
INDONESIAS BUMI DECLARED US$ 57.1 MILLION (AMOUNTING TO 30% OF 2009 NET INCOME) AS DIVIDEND
COALspot.com: PT Bumi Resources, Tbk’s Annual General Meeting (AGM) today was successfully held with a quorum of 75.89% resulting in sharehold ...
Thursday, 24 June 10
CHINA TARGETS 3.6 BILLION MT ANNUAL COAL OUTPUT FOR 2015
At a forum in Beijing entitled "Chinese energy strategy and energy development in the 12th five-year plan period (2011-2015)", He Youguo, ...
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- Australian Commodity Traders Exchange
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
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- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Krishnapatnam Port Company Ltd. - India
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- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
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- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
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- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
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- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Parliament of New Zealand
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- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
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- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
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- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- The University of Queensland
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- Uttam Galva Steels Limited - India
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- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
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- Aditya Birla Group - India
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- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
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- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
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